I'm not going to bore you with charts and graphs to explain the Real Estate market here in Saskatoon, I'm just going to give you "Just the Facts".
- MLS® Dollar Volume shows 0% change YTD from last year.
- MLS® Unit Listing are up 3% YTD from last year.
- MLS® Sales are Down 5% YTD from last year.
- Average house price in the City of Saskatoon is up 5% YTD from last year.
What does this mean? After further review of the numbers, it appears the largest decrease in sales price came in the $250,000 to $274,999 at -44% while the largest increase was in the $350,000 to 399,999 at 41%. We are also seeing more sale in the over $450,000 range.
To conclude the Real Estate market continues to strong but stable.
*source of information is Matrix® Provincial MLS® System as of May 2013.